Helen Of Troy Ltd Stock Price, News & Analysis

Helen of Troy Limited (NASDAQ: HELE) has entered an amended Trademark License Agreement with Revlon, granting an exclusive 100-year license for hair care appliances. The agreement includes a one-time fee of $72.5 million, eliminating ongoing royalties, and allows for three 20-year renewals. This strategic move is expected to bolster HELE's Beauty segment, which has doubled in size and market share recently. The deal is valued favorably, reflecting less than 9 times estimated after-tax cash flows for fiscal year 2022, leveraging HELE's strong balance sheet.

Helen of Troy Limited (NASDAQ: HELE) announced a conference call on January 7, 2021, at 9:00 a.m. Eastern Time to discuss its third quarter fiscal year 2021 results. A press release detailing these results will be issued before the market opens. The call will feature CEO Julien R. Mininberg, CFO Brian Grass, and SVP Jack Jancin. Institutional investors and analysts can participate by dialing (877) 407-3982 before the call starts. The conference will also be available via live webcast and a replay will be accessible until January 14, 2021.

Helen of Troy Limited (NASDAQ: HELE) launched the HEPA InSight™ Series air purifiers under the Honeywell brand, designed to monitor air quality effectively. The series includes three models: HPA5300B for rooms up to 500 sq ft, HPA5200B for 350 sq ft, and HPA5100B for 175 sq ft. These purifiers feature a clear panel display, Auto Mode, and specialty filters targeting odors and VOCs. Energy Star certified, they provide high performance with air changes up to 120 times a day. The prices range from $159.99 to $289.99 depending on the model.

Hydro Flask, a brand under Helen of Troy Limited (NASDAQ: HELE), has been awarded the 2020 American Park Experience Award for its impactful Parks For All program. This marks the first time an organization has received this honor from the National Park Trust. Launched in January 2017, the program has donated over $1.5 million to 92 non-profits and provided more than 26,000 bottles. The award celebrates Hydro Flask's efforts to enhance the appreciation for national parks and public lands, promoting mental and physical health benefits through outdoor engagement.

Helen of Troy Limited (NASDAQ: HELE) reported strong fiscal 2021 second quarter results, with net sales revenue increasing by 28.2% to $530.9 million. Key highlights include a 30.3% increase in Leadership Brand sales and 32% growth in online sales. GAAP diluted EPS rose to $3.43, up from $1.83 year-over-year. Non-GAAP adjusted diluted EPS increased 68.3% to $3.77. The company, however, refrained from providing financial guidance for fiscal 2021, citing uncertainty related to COVID-19's impact on consumer demand and supply chain disruptions.

Hot Tools® brand, part of Helen of Troy Limited (NASDAQ:HELE), has won Allure's 2020 Best of Beauty Award for its Professional 24K Gold One Step Pro Blowout Styler, recognized as the best 'Hot Tools: Brush Dryer'. This innovative tool streamlines styling, enabling users to achieve professional results at home. The product features advanced technology for even heat distribution and quick styling, catering to various hair types. Hot Tools has been a trusted name in styling appliances since 1991, with the award reflecting its commitment to quality and innovation.

OXO, part of Helen of Troy Limited (NASDAQ: HELE), has announced its membership in 1% for the Planet, committing to donate 1% of annual sales to environmental causes. This initiative aims to support nonprofits focusing on sustainable practices and environmental education. Over the past 30 years, OXO has been recognized for its innovative consumer products. The company aims to strengthen its environmental responsibility through this partnership, contributing to a global effort that has raised over $265 million for various nonprofit organizations.